Regions Financial (RF) Q1 Earnings Miss Estimates, NII Falls Y/Y [Yahoo! Finance]
Regions Financial Corporation (RF)
Last regions financial corporation earnings: 4/17 06:00 am
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US:NYSE Investor Relations:
ir.regions.com
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Source: Yahoo! Finance
This compares unfavorably with earnings of 62 cents per share reported in the year-ago quarter. The results were adversely affected by a decline in net interest income (NII) and a rise in expenses and provisions. Nonetheless, an improvement in non-interest income offers some support. Also, RF's strong capital position indicates its availability of adequate capital to use in order to deal with any unexpected losses. Net income available to common shareholders was $343 million, down 41.7% year over year. Revenues Fall and Expenses Rise Total quarterly revenues were $1.75 billion, which matched the Zacks Consensus Estimate. However, the top line fell 10.5% from the year-ago quarter's figure. Quarterly NII was $1.18 billion, down 16.4% year over year. Also, the net interest margin declined 67 basis points to 3.55%. Non-interest income increased 5.4% year over year to $563 million. The improvement was driven by an increase in income in wealth management, capital markets, mortga
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RF
News
- Regions Financial Co. (NYSE: RF) had its price target raised by analysts at Piper Sandler from $20.00 to $21.00. They now have a "neutral" rating on the stock.MarketBeat
- A Role Model in Her Community: Regions Bank Branch Manager Honored for Making an Impact on Others [Yahoo! Finance]Yahoo! Finance
- A Role Model in Her Community: Regions Bank Branch Manager Honored for Making an Impact on OthersBusiness Wire
- Regions Bank Recognized by Fortune as One of America's Most Innovative Companies [Yahoo! Finance]Yahoo! Finance
- Regions Bank Recognized by Fortune as One of America’s Most Innovative CompaniesBusiness Wire
RF
Earnings
- 4/19/24 - Miss
RF
Sec Filings
- 5/1/24 - Form 4
- 4/25/24 - Form 8-K
- 4/24/24 - Form 4
- RF's page on the SEC website